JUICY REASONS   Why You Need To Join
MeritChoice Multi-Purpose
Cooperative Society
(MMCS) Today

You probably have heard about cooperative societies before and may even be a member of one. If you are not a member yet, my question will be, why have you ignored the fantastic opportunity packaged in the name of cooperative now created by Government to alleviate poverty and create financial freedom?

One would have expected that everybody in Nigeria by now should have been a member of one cooperative or the other and would have used the amazing vehicle to achieve the goal of becoming financially free. But I realized that there are several reasons why a lot of people are not members yet or are not interested in the whole idea.

The first reason I could deduce is ignorance.

Many people are not aware of the benefits in cooperative because there is little or no education on what it is all about. With that, many could not make informed decisions whether to join the cooperative or not.

The second reason is the wrong notion some people have formed about the cooperative. Before I became a member of a cooperative far back in  2007, I used to think that it was a programme designed for “extremely poor” people who are struggling in life and trying to do something for themselves. Can you imagine that mindset? That is still an issue of lack of proper knowledge about the programme.

I also discovered that some people have vowed not to join the cooperative for the rest of their lives because of some bad experience they  had with some cooperatives that were probably run aground by some of the societies’ leaders who lacked integrity, discipline and  had no reputation to protect and that is just so unfortunate.

No matter what may be the reason you have for not considering being part of a cooperative, is just so minute compared to the huge benefits that are   locked up in the programme. The few that know the secret are quietly grabbing and enjoying all the benefits  loaded in the programme.

Even if you have been disappointed in the past by some co-operatives, I am happy to announce to you that here comes a new and unique cooperative society with an awesome plan to make a big difference in the lives of its members and it is called MeritChoice Multi-purpose Cooperative Society (MMCS).


Why Is MeritChoice Multi-purpose Cooperative Society (MMCS) Setup?

MMCS is setup to meet the basic needs of its members who are entrepreneurs.

Our company has been training people for some years in different entrepreneurial vocations and businesses like importation, exportation, online marketing, agriculture, etc and we are proud to tell you that we have students that have made  good use of the quality information we have dished out to better their lives, families  and their immediate  community.

But we realized that most of the people trained often have two major challenges. They are:

Lack of opportunity to get an ongoing support from their trainers when they encounter problems or challenges from the business they just started. At that point, a lot of them get confused and will either continue their business using trial and error method or just quit the whole idea.

Lack of startup or business expansion capital. This has been a major setback for a lot of would- be entrepreneurs and after struggling for awhile, they drop the idea and look for something else to do.

Fortunately, we came up with an idea to solve the #1 problem of lack of continuity and support from trainers that motivated them and provided them with the information to get started. The solution is that we now have a network called MeritChoice Entrepreneurs’ Network (MENET). With MENET, we created a membership site which ensures that those people we have trained in different entrepreneurial ideas are brought together and  exposed to joint programmes designed to make sure they take action towards what they have learnt.

This is an awesome idea which most of our students and others who are not MeritChoice students, but love  the idea and embraced it as the best thing that had ever happened to entrepreneurship training in Nigeria. Fortunately, the network is open to anyone desiring to also be a member.

Then, we want to resolve the second problem of raising startup or expansion capital for the entrepreneurs. We realized that there is no other better way than through the great route of Cooperative created, not only for Nigerians’ benefits, but also for people all over the world.

8 Juicy Reasons You Need to Join MMCS Today

I want to explain seven reasons why you need to be part of MMCS as soon as possible today without any delay for another day.

#1: Opportunity to Save for the Rainy Day

rainy-day-fundYou see, you can’t be a successful entrepreneur or business person if you spend all the money that comes to you. It is just not possible. The age -long advice given to any would- be entrepreneur who needs a startup capital is to start with his or her savings.

Unfortunately, most of us find it difficult to keep some money away. When we want to do that, we start saving in our own personal bank accounts, which we have full access to with all the withdrawal instruments like the cheque book, online banking, ATM card, and mobile banking.

Then, a day comes, you run into some funny issues or you get to a shop and you can’t just resist the temptation of buying that product, you bring out your ATM card, swipe it into the machine and fiaam…you liberate all the cash in your savings and pass it on to another beneficiary.

Your business dream is dashed and you start the process of saving again, which may eventually suffer the same fate like the previous one that you had saved.

With the cooperative, your money can be saved securely till the time you need it. It is still your money but you can’t just withdraw it spontaneously since you will have to make request for it through the cooperative. With that, you will be able to follow your plan as per using the money specifically for a purpose.

#2: Opportunity to Get Double of the Money You Saved  as Loan

Opportunity to Get Double of the Money You Saved  as LoanHere comes the interesting part of the cooperative. You can request for double the money you saved with the cooperative as a loan. Let’s say you have about five hundred thousand naira (N500,000.00) in the co-operative, you can request for a loan of about one million naira which you will have to pay back over a period of time.

If the money happens to be in your bank account, it may not qualify you for such a loan with your bank.  Even if the bank says they are willing to give you such a loan, it may come with a lot of conditions which you may not be able to meet.

In the cooperative, you don’t need to have collateral before you can request for a loan. The condition for a loan, most of the time is for you to have two guarantors who are also members of the cooperative.

#3: Opportunity to Repay Loan with Very Low Interest Rate

Opportunity to Repay Loan with Very Low Interest Rate

This is another fantastic benefit of the cooperative. The interest rate is always very low and if you are diligent with what you want to use the money for, especially if it is for business, you shouldn’t even have issues repaying the money with the interest.

I often laugh at the interest rate I pay back at the cooperative that I belong to because I usually make more than 10 times what I am retuning as a loan. The good part of the deal is that, the repayment is always at my most comfortable convenience.

#4: Opportunity to Own Shares in the Cooperative and Earn Dividend Every Year

Opportunity to Own Shares in the Cooperative and Earn Dividend Every YearAs a member of the cooperative, you are a stakeholder and at the same time a shareholder in the cooperative. When you have a thriving cooperative like MMCS, you will have the opportunity to earn dividends every year from the surplus that the cooperative makes at the end of a business year.

The amount you earn will be based on the amount of savings and shares you own in the cooperative. This is not possible if you keep your money in the bank.  You can only get back what you put in your bank account with some funny interest that may not be worth anything useful. You don’t become a stakeholder or shareholder by just saving your money in a bank.

This is a benefit you don’t want to miss and that is why you need to be part of a visionary cooperative like MMCS.

#5: Opportunity to Have Access to Loans from Banks and Financial Institutions Setup for SMEs

Opportunity to Have Access to Loans from Banks and Financial Institutions Setup for SMEs-2Can you believe that there are billions of Naira earmarked for Small and Medium Enterprises in Nigeria as soft loans where you can pay less than 10% interest after using the money for a year? Tell me, do you know how many Nigerians benefiting from such money?

If you are not close to the politicians or seat of power, you will hardly know that such an opportunity exists because it is just a very few people; the greedy politicians and their cronies  who are benefiting from these opportunities.

Through our cooperative, we will demand and gain access to these funds. It may be hard to do it as an individual because, you may be asked for collateral and different documents that may take you years to gather or get. But with the cooperative, you have a body that is covering for you and you can enjoy all the possible benefits of such existing funds.


#6: Opportunity to Benefit from Grants from NGOs and Financial Institution Like World Bank

Opportunity to Benefit from Grants from NGOs and Financial Institution Like World BankGrant is just free money often given to entrepreneurs or organizations that are working on some particular projects. This is just a norm all over the world. There are supports from developed countries for startup businesses and there is focus on African countries like Nigeria, to support businesses and projects that can alleviate poverty.

But such monies are not always being given to individuals. They are often being paid to reliable organizations and cooperatives societies who they believe will disburse the money appropriately to people that need the assistance.

That is another great monetary assistance you will enjoy by being a member of a cooperative society that is set to access these several opportunities.

#7: Opportunity for the Cooperative to Assist You In Purchasing Gadgets or Properties

Opportunity for the Cooperative to Assist You In Purchasing Gadgets or PropertiesYou can still take advantage of your cooperative membership by requesting the cooperative to assist you in purchasing gadgets or properties and you will just need to repay back little by little until you pay off the full price for the valuables.

It may be hard for you to get this type of opportunity from any other organization that is not setup as a cooperative. With this kind of available privilege,  you will know that this is a society that someone that has dreams and goals in life should belong to.

#8: Opportunity to Meet with People of Like Minds That Will Form Your Circle of Influence

Opportunity to Meet with People of Like Minds That Will Form Your Circle of InfluenceWe hope to have an unusual cooperative society that will span across the country. With this broad plan, it will be possible for you to meet with people of like-minds in any part of the country you find yourself.

These people will form your circle of influence and they will be available to help you succeed in different areas of your life. We believe that success is all about people and wherever you have the right set of people,  you are not far from achieving your lifetime goals.

With all these benefits above, I believe you should be interested in becoming part of our cooperative – MeritChoice Multi-Purpose Cooperative Society. We are set to support entrepreneurs in Agriculture, Real Estate, Importation, Exportation, Travel, etc.

It is easy to become a member. There is just a one-time registration fee of N1,000.00 and Development Levy of N5,000.00.

After that, you will start saving a minimum amount of N5,000.00 per month. This is your money and you can always get double the amount of what you have in savings as a loan with a very low interest after the first six months of being a member.

You will also have the opportunity to have access to different information that can help you personally and in business.

To register, kindly click on the link below and follow the instructions to pay and become a member.

Click here to Register

The exciting thing about our cooperative is that we are very active online and you can interact with members and the executives of the society live online.  There is a meeting once in a month and this also gives you the privilege to meet with other members of the cooperative in your state.

I am sure this is one of the opportunities you have been waiting for and you should not let it slip.

Click here to Register

Gbeminiyi Oluwabusola,
MeritChoice Multi-Purpose Cooperative Society